| Literature DB >> 24782703 |
Angelo Pirrone1, Tom Stafford2, James A R Marshall3.
Abstract
Entities:
Keywords: Bayes risk; decision-making; drift-diffusion; error; evolution; mechanism; reward; value
Year: 2014 PMID: 24782703 PMCID: PMC3989582 DOI: 10.3389/fnins.2014.00073
Source DB: PubMed Journal: Front Neurosci ISSN: 1662-453X Impact factor: 4.677
Figure 1The accuracy-based component of Bayes Risk (. In value-based decisions individuals are rewarded according to the value |v| + Δv of the option they choose (solid lines), where |v| is the average value of the alternatives under consideration, and Δv is the deviation from this average of the value of the option chosen by the subject. With knowledge of the values of the alternatives, BR can be used to optimize value sensitive decision-making as described in the main text; for example the dashed lines show payoffs used in BR for: options having values of 0.5 and 1.5 units (black), options having equal values of 2.5 and 2.5 units (green) and options having values of 3.5 and 4.5 units (red). Intersections between payoffs selected for BR (dashed lines) with value-based reward (solid lines of matching colors) correspond to choice scenarios between different-valued options for which BR implements reward-by-value of the selected option; these intersections represent choice scenarios involving “poor” (hollow circles) and “good” (filled circles) options having particular values. However, the cost parameters for BR need to be recalculated according to the values of the options under consideration; for example, although the difference in the values of the alternatives does not change from the low-value (black) to the high-value (red) scenarios, since their absolute values change the BR payoffs need to be recalculated in each case. As described in the text, value-sensitive decision-mechanisms have been described that are able adaptively to deal with a variety of such decision scenarios, without re-parameterizations.